This morning’s comments (download file) were completed before the new Jobless Claims came out; We plan on addressing that issue soon, perhaps as early as on Monday.
There are very specific factors worth noting that make this modern era economic recovery somewhat different than prior scenarios. We discussed this extensively in the “New Productivity Paradox.”
Also, here’s the updated & complete spreadsheet, comparing the present rally to the prior four: Download Excel file
Quote of the Day: “It is not so difficult a task to plant new truths, as to root out old errors; for there is this paradox in men, they run after that which is new, but are prejudiced in favor of that which is old.”
-Charles Caleb Colton, 1780 – 1832.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.